Bassett's Ice Cream Korea Opening
BASSETT'S ICE CREAM PRESS RELEASE
Bassett’s Ice Cream Company, a fifth-generation family business since 1861, has successfully opened its first store in Seoul, South Korea and is now looking for opening 30 additional stores within this year. Bassett’s Ice Cream, located in Philadelphia, is a full-service frozen dessert distributor, offering over 100 flavors.
OIBD’s Korea Office has been working together with Bassetts’ Ice Cream-Korea Office since 2016 to meet with the local rules and regulations in Korea, including its manufacturing facility registration at the Korea’s Ministry of Food and Drug Safety. On June 7th, the delegation from Pennsylvania DCED, City of Philadelphia, Team Pennsylvania and Philadelphia Orchestra attended the grand opening of the first store of Bassett Ice Cream.
Bassett’s Ice Cream Korea targets for opening additional 15 stores nationwide by the end of August to fulfill the demands of Korean consumers’ premium ice cream, which will certainly increase the shipments from Philadelphia, PA to South Korea. Read More
*Picture: Grand Opening ceremony on June 7th, there are several recognizable people attended to celebrate a new journey for Bassett’s Korea. Michael Strange (President of Bassett’s Ice Cream), the City of Philadelphia (Harold Epps – Deputy Mayor for Commerce and Sylvie Howard), Commonwealth of Pennsylvania OIBD (Ken Yang and Mike O’Rourke), Team Pennsylvania Foundation (Lindsay Helsel), the Agricultural Trade Office of the U.S Embassy in Seoul (Lynn Larrabe – Director)
World Trade Center of Greater Philadelphia and WTC Tianjin Sign Memorandum of Understanding
Photo: Seated: Gary Biehn, Chairman, WTCGP and Dai Sheng Guo, Vice Chairman, China Council for the Promotion of International Trade (CCPIT), Tianjin Sub-Council China Chamber of International Commerce (CCOIC), signing MOU on June 1, 2017
Standing from L to R: Samuel Chueh, Manager, International Business Investment, Department of Commerce, City of Philadelphia; Haibo Li, Winners; Lauren Swartz, Senior Director, International Business Investment, Department of Commerce, City of Philadelphia; Steven Bradley, President and CE0, Bradley and Bradley Associates; Fengling Wu, Director, CCPIT; Zhang Peng, Secretary General, WTC Tianjin; Liu Shanshan (Elsa), International Liaison Director, CCPIT, WTC Tianjin
It’s official! The World Trade Center of Greater Philadelphia has signed a formal Memorandum of Understanding with World Trade Center of Tianjin China. Chairman, Gary Biehn traveled to Tianjin, China to sign the agreement on our behalf.
This is the power of the World Trade Center network!
We look forward to reporting many success stories!
Graziella DiNuzzo, WTCGP Director of Marketing and Communications, sat down with Chairman Gary Biehn to ask a few questions.
Why Tianjin, China?
Philadelphia and Tianjin share a long-standing tradition of business and cultural exchange dating back to the Sister City Agreement signed between Philadelphia and Tianjin in 1979. In June 2016, a delegation from Tianjin visited with WTCGP China Club members to explore opportunities for cooperation to expand trade and investment between Tianjin and the Binhai New Area and Greater Philadelphia. With the growing need for advanced medical care in China and the interest of Chinese students to attend U.S. colleges and universities, promising sectors identified included health (including medical tourism) and higher education, both strengths of the Greater Philadelphia Region. In addition, Tianjin delegation officials agreed to assist WTCGP member companies in accessing and facilitating business connections and opportunities in Tianjin. Vice Chairman of WTC Tianjin, Zhang Tiejun concluded the meeting by extending a personal invitation to the City and Greater Philadelphia Region to visit Tianjin and the Binhai New Area. This included the possibility of a 2017 trade mission to Sister City, Tianjin, organized by the City of Philadelphia.
Which members of the City of Philadelphia Trade Mission to Tianjin accompanied you to the signing?
The City of Philadelphia Commerce Department: Lauren Swartz, Senior Director of International Investment and
Samuel Chueh, Director of International Investment
Citizens Diplomacy International: Siobhan Lyons, President and CEO
Bradley and Bradley Insurance: Steven Bradley, President and CEO and WTCGP Board Member
What does the MOU represent for WTCGP members and clients?
The World Trade Center, Tianjin (WTCT) will serve as a gateway to the Tianjin and China marketplace for WTCGP members and client companies by connecting its member companies with WTCGP clients and members. Particular focus for business to business collaboration will be in the fields of: healthcare, higher education, legal services, food industry, aviation, petrochemicals, automobiles, metalworking and medical device sector.
What does the business landscape look like in Tianjin?
Located in the Northern Coast of China, Tianjin is the fourth largest municipality with a total population of more than 15 million people. Tianjin is a hub city for international shipping and logistics, manufacturing and research and development. Created in 2009, Tianjin Binhai New Area was designated by the Chinese government as a special Free Trade Zone. Binhai has an international seaport, and an international airport and is a 33-minute high-speed train ride from Beijing. There are 141 Global 500 companies with operations in the Binhai New Area.
As Partner and Chair of China Business Group and International Group for White and Williams, LLP, how do you view the potential for Greater Philadelphia businesses in the Chinese market?
Over the past fifteen years, I have traveled to China on a regular basis, and have visited Tianjin on many occasions dating back to 2002. The economic development in Tianjin is extraordinary. Through the assistance of CDI and our Sister City program, White and Williams maintains a strong strategic alliance with Tianjin-based Winners Law Firm, now dating back seven years. This is the type of cooperation we envision between member companies of the WTCGP and Tianjin WTC. We had very productive conversations with the leadership of the Tianjin WTC during our June 1st meetings and we are working on several pilot business opportunities between our respective members. With the strong Sister City relationship between Philadelphia and Tianjin, it is quite fitting that the WTCGP is moving forward in strengthening the business relationship with Tianjin WTC. We are optimistic that this will lead to further commercial opportunities for the Greater Philadelphia region.
Mitsubishi Electric Co. (MELCO) and Holtec Resolve to Broaden Cooperation with SMR-160 as the Centerpiece
NEWS FROM HOLTEC INTERNATIONAL
Officials of the Mitsubishi Electric Co. (Japan), their US subsidiary Mitsubishi Electric Power Products, Inc. (MEPPI) and Holtec (pictured above) held strategic alliance discussions at the Holtec Technology Campus in Camden, New Jersey to reinforce their resolve to forge ahead with renewed vigor to complete the licensing of SMR-160 and to broaden their cooperation.
Mitsubishi Electric is a global company with approximately $40 Billion in revenue and 130,000 employees. MELCO’s Energy & Industrial Systems Group, its sprawling presence in Japan shown in the schematic below, was the first major international company to join Holtec’s SMR-160 program. PSEG Power, LLC was the first company to join the program in 2012 and has been a major contributor ever since. Read More
Greater Philadelphia Selected to Develop New Market Prioritization
and Metropolitan Economic Partnership Strategies
as Part of the Global Cities Initiative
Participation seeks to deepen the impact of metropolitan trade strategies that will help Philadelphia determine how to best strengthen global economic engagement with international counterparts
PHILADELPHIA, PA – Today, it was announced that Greater Philadelphia has been selected to join a group of eight city-regions seeking to amplify the impact of trade strategies through new research and problem-solving that will determine how city-regions can best prioritize and execute economic partnerships with international metro counterparts. This new effort builds upon Philadelphia’s prior participation in the Global Cities Initiative (GCI), a joint project of Brookings and JPMorgan Chase, which included developing a regional export strategy.
“Even with strong trade and investment strategies, all metros face resource and capacity constraints to engaging internationally. In the global market haystack, metros need tools to focus on where they are most likely to find the needles,” said Marek Gootman, Brookings fellow and director of strategic partnerships and global initiatives. “We selected this diverse group of metros to test new approaches to identify, prioritize, and structure economic connections with specific foreign counterparts for maximum returns.”
Selected by Brookings through a competitive application process, Greater Philadelphia will join Atlanta, Columbus, Louisville/Lexington, Phoenix, San Antonio, San Diego, and Wichita in producing a locally-tailored market prioritization assessment, and initiating or expanding at least one metro-to-metro collaboration. These activities will yield an approach that can be replicated by other metropolitan areas.
“It is an honor for Philadelphia to be selected for this new phase of the Global Cities Initiative,” said Mayor Jim Kenney. “The economy becomes increasingly global with each day that passes, and in order to remain competitive, our city and region must identify ways in which we can more strategically focus our efforts internationally. Philadelphia’s participation in the Global Cities Initiative will allow the region to examine our existing economic strengths and opportunities for growth, while simultaneously identifying key markets around the globe where we can create or expand partnerships.”
The GCI metros will test a new evidence-based methodology to prioritize international markets for high-potential economic relationships. Through an assessment, each metro area will identify existing and potential market connections, sector synergies, and growth trends. Additionally, the cohort will examine different models to operationalize international metro–level economic partnerships targeted through prioritization, exploring bilateral and multi-lateral sector, geographic, and intermediary relationships.
“The World Trade Center of Greater Philadelphia is pleased to join Greater Philadelphia's regional leaders in this important GCI learning cohort that will take our metro export plan to the next level, identifying best markets and global partners, and tapping into the extensive network of world trade centers worldwide,” added Linda Conlin, President, World Trade Center of Greater Philadelphia.
Since its launch, the Global Cities Initiative (GCI) has raised awareness about the importance of international economic connections and competitiveness for growth and job creation, and spurred dozens of metropolitan areas to reorient their economic strategies toward engaging world markets. GCI has become a hub for coalitions of metro leaders across public, private, and civic sectors to connect with their counterparts for peer learning, problem-solving, and economic collaboration.
“Greater Philadelphia is a truly global region, and we’re delighted it’s getting this critical support to further develop international growth strategies,” said Mark Schrieber, Managing Director and Region Manager, JPMorgan Chase. “We must look beyond our metro area for growth opportunities; this effort will create international economic connections for local businesses and greater economic opportunity for all residents.”
The regional project team includes the City of Philadelphia, Select Greater Philadelphia Council, World Trade Center of Greater Philadelphia, and Temple University’s Fox School of Business.
Participation in the Global Cities Initiative will allow Greater Philadelphia to build on other ongoing efforts with an international focus. In 2016, the region worked with the Brookings Institution to release its three-year metro export plan, which identified several goals to create a more dynamic export economy. Just last month, City officials convened a group of local business and economic development leaders to begin building out a plan for more effective, cohesive marketing of the region for business and talent attraction.
To learn more about the Global Cities Initiative, visit https://www.brookings.edu/project/global-cities/ or www.jpmorganchase.com/globalcities.
The Brookings Institution is a non-profit organization. Its mission is to conduct high-quality, independent research and, based on that research, to provide innovative, practical recommendations for policymakers and the public. Brookings recognizes the value it provides in its absolute commitment to quality, independence, and impact, and makes all final determinations of the scholarly activities in the Global Cities Initiative, including the research agenda and products.
The Global Cities Initiative is a joint project of the Brookings Institution and JPMorgan Chase designed to help metropolitan leaders advance and grow their regional economies by strengthening international connections and competitiveness. GCI activities include producing data and research to guide decisions, fostering practice and policy innovations, and facilitating a peer-learning network. For more information, visit https://www.brookings.edu/project/global-cities/ or www.jpmorganchase.com/globalcities.
In early June, the World Trade Center of Greater Philadelphia, represented by board chairman Gary Biehn, signed into a memorandum of understanding (MOU) with WTC Tianjin. The MOU will create a framework of cooperation which will seek to expand trade and investment in targeted sectors of opportunity, including healthcare, higher education, legal services, aviation, petrochemicals, metalworking, and the medical device sector.
As reported by the Philadelphia Business Journal:
Biehn said the agreement is the culmination of a visit from Tianjin officials last June and a reciprocal visit in January in which the two sides talked about synergies among membership companies in areas such as health care, education, and legal and financial services. The deal will put Philadelphia on the map when the roughly 2,000 Tianjin WTA member companies that are looking for U.S. business opportunities.
Trade mission yields reciprocal visit from Chinese firm considering Phila. for U.S. HQ
Sierra Leone 25MW Solar Photovoltaic EPC Tender Request
Deadline: June 16, 2017
Ethiopian Electric Power Substations and Transmission Lines
Deadline: June 30, 2017
e-Tender to Install Distribution Automation Test Bed and Situational Awareness Test Bed in Bangalore, India
Deadline: June 30, 2017
USTDA Upcoming Events
Mexico Railroad Grade Crossing Technologies Reverse Trade Mission
Date: June 19 - 23, 2017
Locations: Washington, D.C.; Chicago, IL
This event will bring public and private sector representatives from Mexico's railroad industry to the U.S. to familiarize them with U.S. technologies, equipment, and standards. The visit will introduce the delegates to U.S. companies that develop and manufacture leading equipment and technological solutions that can help Mexico meet its rail objectives. The RTM presents an opportunity for U.S. companies to meet with the delegation and learn about upcoming project opportunities.
U.S. - Vietnam Smart Cities Workshop
Dates: June 21 - 22, 2017
Locations: Hanoi, Vietnam
This event will provide a platform to discuss leading project opportunities in Vietnam's urban modernization agenda while allowing U.S. companies to showcase their expertise, products and services that can support smart cities development throughout Vietnam
For a Full list of all USTDA events and programs click Here.
PhilaPort Press Release
PhilaPort Finalizes Purchase of Strategic Parcel of Land
PhilaPort announced today the acquisition of a 29-acre parcel of land, locally known as the former Philadelphia Produce and Seafood Terminal, located at Third Street and Pattison Avenue. With this purchase PhilaPort now owns 1,016 acres of land. This purchase from Philadelphia's public-private economic development corporation, PIDC, will allow PhilaPort to develop warehousing to support the growth in container operations at Packer Avenue Marine Terminal (PAMT).
From the Office of United States Trade Representative
Requests for Comments: Negotiating Objectives Regarding Modernization of North American Free Trade Agreement with Canada and Mexico
Request for comments and notice of public hearing.
The United States intends to commence negotiations with Canada and Mexico regarding modernization of the North American Free Trade Agreement (NAFTA). The NAFTA was negotiated more than 25 years ago, and, while our economy and U.S. businesses have changed considerably over that period, NAFTA has not. The United States seeks to support higher-paying jobs in the United States and to grow the U.S. economy by improving U.S. opportunities under NAFTA. Our specific objectives for this negotiation will comply with the specific objectives set forth by Congress in section 102 of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015. The Office of the United States Trade Representative (USTR) is seeking public comments on matters relevant to the modernization of NAFTA in order to inform development of U.S. negotiating positions.
If you want to testify at the hearing, you must provide written notification and a summary of your testimony by Monday, June 12, 2017. Written comments also are due by Monday, June 12, 2017. A hearing will be held at 9 a.m. in the Main Hearing Room of the United States International Trade Commission, 500 E Street SW., Washington, DC 20436, on Tuesday, June 27, 2017.
You should submit notifications of intent to testify and written comments through the Federal eRulemaking Portal: http://www.regulations.gov. Follow the instructions for submitting comments in part 3 below. For alternatives to on-line submissions, please contact Yvonne Jamison, Trade Policy Staff Committee, at (202) 395-3475.
For Further Information Contact
For procedural questions concerning written comments or participation in the public hearing, contact Yvonne Jamison at (202) 395-3475. Direct all other questions regarding this notice to Daniel Watson, Deputy Assistant United States Trade Representative for North America, at (202) 395-9587.
The United States commenced bilateral trade negotiations with Canada more than 30 years ago, resulting in the U.S.-Canada Free Trade Agreement, which entered into force on January 1, 1989. In 1991, bilateral talks began with Mexico, which Canada joined. The NAFTA followed, entering into force on January 1, 1994. Tariffs were eliminated progressively and all duties and quantitative restrictions, with the exception of those on a limited number of agricultural products traded with Canada, were eliminated by 2008. NAFTA also includes chapters covering rules of origin, customs procedures, agriculture and sanitary and phytosanitary measures, government procurement, investment, trade in services, protection of intellectual property rights, and dispute settlement procedures. For the full NAFTA text, please see https://www.nafta-sec-alena.org/Home/Texts-of-the-Agreement/North-American-Free-Trade-Agreement.
On May 18, 2017, following consultations with relevant Congressional committees, the U.S. Trade Representative informed Congress that the President intends to commence negotiations with Canada and Mexico with respect to the NAFTA.
2. Public Comment and Hearing
To assist USTR as it develops its negotiating objectives and positions for the agreement, the Trade Policy Staff Committee (TPSC) invites interested persons to submit comments and/or oral testimony at a public hearing on matters relevant to the modernization of the NAFTA. In particular, the TPSC invites comments addressed to:
USTR must receive written comments no later than Monday, June 12, 2017.
A hearing will be held on Tuesday, June 27, 2017 at 9:00 a.m., in the Main Hearing Room at the U.S. International Trade Commission, 500 E St. SW., Washington, DC 20436. If necessary, the hearing will continue on the next business day. Persons wishing to testify orally at the hearing must provide written notification of their intention by Monday, June 12, 2017. The intent to testify notification must be made in the “Type Comment” field under docket number USTR-2017-0006 on the regulations.gov Web site and should include the name, address and telephone number of the person presenting the testimony. You should attach a summary of the testimony by using the “Upload File” field. The name of the file also should include who will be presenting the testimony. Remarks at the hearing should be limited to no more than five minutes to allow for possible questions from the TPSC.
You should submit all documents in accordance with the instructions in section 3 below.
3. Requirements for Submissions
Persons submitting a notification of intent to testify and/or written comments must do so in English and must identify (on the first page of the submission) “NAFTA Negotiations.”
In order to ensure the timely receipt and consideration of comments, USTR strongly encourages commenters to make on-line submissions, using the www.regulations.gov Web site. To submit comments via www.regulations.gov, enter docket number USTR-2017-0006 on the home page and click “search.” The site will provide a search-results page listing all documents associated with this docket. Find a reference to this notice and click on the link entitled “Comment Now!” (For further information on using the www.regulations.gov Web site, please consult the resources provided on the Web site by clicking on “How to Use This Site” on the left side of the home page.)
The www.regulations.gov Web site allows users to provide comments by filling in a “Type Comment” field, or by attaching a document using an “Upload File” field. USTR prefers that comments be provided in an attached document. If a document is attached, it is sufficient to type “See attached” in the “Type Comment” field. USTR prefers submissions in Microsoft Word (.doc) or Adobe Acrobat (.pdf). If the submission is in a different application, please indicate the name of the application in the “Type Comment” field.
For any comments submitted electronically containing business confidential information, the file name of the business confidential version should begin with the characters “BC.” Any page containing business confidential information must be clearly marked “BUSINESS CONFIDENTIAL” on the top of that page. Filers of submissions containing business confidential information must also submit a public version of their comments. The file name of the public version should begin with the character “P.” The “BC” and “P” should be followed by the name of the person or entity submitting the comments. Filers submitting comments containing no business confidential information should name their file using the name of the person or entity submitting the comments.
Please do not attach separate cover letters to electronic submissions; rather, include any information that might appear in a cover letter in the comments themselves. Similarly, to the extent possible, please include any exhibits, annexes, or other attachments in the same file as the submission itself, not as separate files.
As noted above, USTR strongly urges submitters to file comments through www.regulations.gov. Any alternative arrangements must be made with Yvonne Jamison in advance of transmitting the comments. You can contact Ms. Jamison at (202) 395-3475. General information concerning USTR is available at www.ustr.gov.
Comments will be placed in the docket and open to public inspection, except business confidential information. Comments may be viewed on the www.regulations.gov Web site by entering the relevant docket number in the search field on the home page.
Additional Info | Comment Now (via regulations.gov)
PRPA Rebrands as PhilaPort
News from the Port of Philadelphia
The Philadelphia Regional Port Authority (PRPA) today announced that it is rebranding as PhilaPort effective immediately.
On the threshold of an unprecedented era of expansion, The Port of Philadelphia is establishing a new brand identity that will bolster its national and international marketing efforts and position the Port as one of the most important trade gateways on the Atlantic seaboard.
People in the region and shippers across the globe will now know that gateway as PhilaPort.
"The name is short, clean and memorable, and it reflects very simply who we are and what we do," said Jerry Sweeney, PhilaPort chairman. "The name 'PhilaPort' helps distinguish us from the many other regional authorities and commissions as we seek to capitalize on the opportunities that will result from our expansion."
Read More (via philaport.com)
NATIONAL U.S.-ARAB CHAMBER OF COMMERCE PRESS RELEASE
David Hamod Interview with Al-Sharq Al-Awsat Assesses U.S.-Saudi Economic Relations During President Trump's Visit
"America's Commercial Relations with Saudi Arabia are the
Bedrock of Trade and Investment with the Arab World."
Saudi Vision 2030 Spotlights the Kingdom's Focus
on Youth for its New Economic Strategy
Washington, D.C. -- In an interview this weekend published by Al-Sharq Al-Awsat newspaper about U.S.-Saudi economic relations during President Trump's visit to Saudi Arabia, David Hamod, President & CEO of the National U.S.-Arab Chamber of Commerce (NUSACC), discussed the Kingdom's historical relations with the United States, its changing economic priorities and strategy, and opportunities for U.S. businesses in Saudi Arabia.
Q: What is your assessment of Saudi - American economic relations, and what is the main purpose of the U.S. business visit to the Kingdom?
A: For decades, America's commercial relations with Saudi Arabia have served as the bedrock of trade and investment with the Arab world. This special relationship is based on mutual interests and shared goals, and longstanding commitments from both sides have ensured a strong, steady, and stable partnership during even the most challenging times in the Middle East and North Africa (MENA).
This week's visit will help to forge personal and professional bonds between President Trump and Saudi Arabia's leadership. I believe that these new friendships will stand the test of time -- and politics -- to take the Saudi - U.S. relationship to the next level.
Many of our Chamber's companies will be in Saudi Arabia this week in conjunction with President Trump's visit. The presence of these companies in Riyadh should send a strong message that, in my opinion, the commercial relationship is every bit as important as the security relationship. In fact, over the long-term, the commercial relationship may be even more important because commerce is key to creating new jobs that will grow the economy in the Kingdom for decades to come.
Q: What is the size of U.S. exports to Saudi Arabia?
A: U.S. goods exports to Saudi Arabia dipped a little last year, to US $18 billion. This dip was consistent with the downturn in the global economy, exacerbated by relatively low oil prices, which had a dampening effect on some U.S. businesses. But for the most part, bad news was overshadowed by good news:
In other words, despite the challenges in the Middle East last year, this region remained one of the most attractive and reliable markets for U.S. goods and services.
(NUSACC's analysis of U.S.-Saudi trade may be found HERE.)
Q: What does the future hold for the Kingdom and the USA, according to Saudi Vision 2030?
A: Historically, the Saudi - U.S. commercial relationship has been constructed on four pillars: Oil & gas, defense & security, infrastructure, and consumerism. The people of Saudi Arabia have trusted American brands for decades because these products are known for quality, value, and reliability.
These four pillars will continue to be important, of course, but Saudi Vision 2030 will encourage some significant changes:
Saudi Vision 2030, in a word, is all about youth. Young men and women in Saudi Arabia represent the future of the Kingdom. As such, they need to cherish and protect their heritage while, at the same time, blaze new trails as entrepreneurs. They must also be invested in their communities through productive employment, which is why the Kingdom's new focus on small and medium-sized enterprises is so vitally important. In my humble opinion, no one in the world does entrepreneurship or community service as well as the Americans do, and we look forward to the opportunity to share our experience and expertise with our Saudi counterparts.
For more information on NUSACC and its mission, please click HERE.
The National U.S.-Arab Chamber of Commerce, widely regarded as the voice of American business in the Arab world, is in touch with business communities across the United States and serves as the U.S. point of contact for the national chambers of commerce in the 22 Arab nations. On a daily basis, NUSACC works closely with leaders throughout the Arab world, as well as high-level decision makers in the U.S. business community, public policy research centers, multilateral institutions, nongovernmental organizations, media, and the U.S. Government.